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AMETEK Inc. (AME - Free Report) is a leading worldwide manufacturer of electronic appliances and electromechanical devices. AMETEK sells its products globally through two major operating groups, the Electronic Instruments Group (“EIG”) and the Electromechanical Group (“EMG”).
AMETEK continues to see solid growth across its Ultra Precision Technologies business. This, in combination with a strong portfolio of differentiated businesses, is expected to help the company post better results in the upcoming quarter.
Due to this, investors are eagerly awaiting AMETEK’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
For the current year, AMETEK witnessed one positive estimate revision in the last 30 days and no negative revisions.
Check back later for our full write up on this AME earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
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Ametek (AME) Beats on Earnings, Revenues in Q2
AMETEK Inc. (AME - Free Report) is a leading worldwide manufacturer of electronic appliances and electromechanical devices. AMETEK sells its products globally through two major operating groups, the Electronic Instruments Group (“EIG”) and the Electromechanical Group (“EMG”).
AMETEK continues to see solid growth across its Ultra Precision Technologies business. This, in combination with a strong portfolio of differentiated businesses, is expected to help the company post better results in the upcoming quarter.
Due to this, investors are eagerly awaiting AMETEK’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
For the current year, AMETEK witnessed one positive estimate revision in the last 30 days and no negative revisions.
Currently, AME has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: AME reported earnings of 65 cents per share which surpassed the Zacks Consensus Estimate of 62 cents per share.
Revenue: AMETEK beats on revenues. It posted revenues of $1.06 billion, compared to our consensus estimate of $1.03 billion.
Key Stats: The company’s top-line performance improved on robust organic growth and contributions from acquisitions completed recently.
AMTEK, Inc. Price and EPS Surprise
AMTEK, Inc. Price and EPS Surprise | AMTEK, Inc. Quote
Check back later for our full write up on this AME earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>